International

Powerball lottery jackpot soars to $1.3 billion in world record

In this January 9, 2016 photo, Powerball tickets are shown in San Lorenzo, California. No ticket matched all six Powerball numbers following the drawing for a record jackpot of nearly $950 million, lottery officials said early Sunday, boosting the expected payout for the next drawing to a whopping $1.3 billion.

In this January 9, 2016 photo, Powerball tickets are shown in San Lorenzo, California. No ticket matched all six Powerball numbers following the drawing for a record jackpot of nearly $950 million, lottery officials said early Sunday, boosting the expected payout for the next drawing to a whopping $1.3 billion.   | Photo Credit: Marcio Jose Sanchez

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The grand prize for the lottery, played in 44 States in US, has been climbing for weeks after repeated drawings produced no big winners.

The U.S. multi-State Powerball lottery on Sunday soared to a whopping $1.3 billion in a new world record, tickling Americans’ dreams further of overnight riches after there were no winners for a record $900 million jackpot.

No ticket holder had the magic combination of 32-16-19- 57-34 and the Powerball number 13.

The next drawing for the Powerball lottery, which takes place on Wednesdays and Saturdays at 10.59 p.m. (9.29 a.m. IST) has shot to a whopping $1.3 billion.

The grand prize for the lottery, which is played in 44 States, Washington, and two U.S. territories, has been climbing for weeks after repeated drawings produced no big winners.

The jackpot began on November 4, 2015 at $40 million but rolled over 19 times before Saturday.

Millions of Americans had flocked to buy tickets as the size of the pot surged.

But, the Saturday night drawing for a record $900 million jackpot — the largest in U.S. history — produced no winners, fuelling excitement of being a potential winner even more.

“No #Powerball jackpot winners in any state tonight. Wednesday’s jackpot is a new WORLD RECORD! Can you believe it?” Texas Lottery tweeted.

In the Powerball lottery, five white balls are drawn from a drum containing 69 balls while a sixth red one is pulled from a drum with 26. A ticket holder has to match all the numbers on the selected balls to win the jackpot.

The first five can be in any order, but the sixth must be the Powerball number.

The winner can either opt to receive the full jackpot in annual instalments over 29 years or take a lower one-off payment in cash.

Gary Grief, the executive director of the Texas Lottery was quoted as saying by the Chicago Tribune that the chance of no one hitting all five initial numbers and the Powerball number was growing slimmer, anticipating that about 75 per cent of all combinations will have been bought.

The U.S. saw sales of $277 million on Friday alone and more than $400 million expected on Saturday, Mr. Grief said.

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Printable version | Nov 22, 2019 7:29:54 AM | https://www.thehindu.com/news/international/Powerball-lottery-jackpot-soars-to-1.3-billion-in-world-record/article13992115.ece

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